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    Multifamily Property with 10 Units Title is generated by Realmo AI

    2171 Thurmont Rd, Akron, OH 44313

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    Multifamily property featuring 10 units and 8,520 square feet.

    Type:Multifamily
    Property size:
    8,520 SF
    Price / SF:
    $108/SF
    Added:
    Mar 11, 2026
    Days on Market:
    119
    Last Refresh:
    Jul 5 at 9:18 am

    Property Features for 2171 Thurmont Rd

    General Information

    Standard status
    Active
    Size
    8,520 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1962

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    Stacy Nugent

    Listing office Keller Williams Elevate

    Listing date Mar 11, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elevate

    HighLights

    • Multifamily property with 10 units.
    • Priced at $92,500 per unit.
    • Built in 1962.

    Overview

    This multifamily property features 10 units. The building has a total size of 8,520 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $130.9k $15.36
    − Vacancy −$6.7k −$0.78
    EGI $124.2k $14.58
    − OpEx −$55.9k −$6.56
    NOI $68.3k $8.02
    8,520 SF · lease $15.36/SF/yr · vacancy 5.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $975.8K
    $853.8K – $1.14M (±1% cap)
    NOI $68,306 @ 7.0% cap · market cap 7.38%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.09M
    $1.83M – $2.44M (±1% cap)
    NOI $146,362 @ 7.0% cap · market cap 15.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom HVAC Service Hotel & Motel Grocery & Convenience Store Accounting Firm Building Supply Parking Lot & Garage Nursing Home Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.575334
    Latitude
    41.122829

    FAQs

    What type of property is this?
    Apartment building - Multifamily property featuring 10 units and 8,520 square feet.
    Where is this apartment building located?
    The property is located at 2171 Thurmont Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Multifamily property with 10 units.; Priced at $92,500 per unit.; Built in 1962.
    (216) 299-5092 Call to check price and availability
    More about this property
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